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Mar 18, 2013
03/13
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so the government has been signaling other moves in other stocks. so i like to buy things on a bargain when i go shopping. now is a great time to sit and do fundamental analysis. >> that is the huge caveat. this is not going and picking randomly through stocks. you have to really know the stuff inside out before you get involved. >> you have to do work to make money. what a concept. no, i agree. >> do you like french banks. >> i don't have any particular view on one general sector. it's bank by bank by bank. there's no easy trade here. >> are there any banks that you like in france. >> i don't have any off the top of my head right now. there's an italian company with 17% of the revenue comes from italy. so it's going to get sold down in the italian market. a german robotics company. a lot of revenue comes from outside the eu. it is giving a sale. it's really a great find. >> any hedging currency based on the dollar to the euro? >> yes. we go long and short. so on the net currency we tend to hedge it, yes. >> when you compare europe to the united sta
so the government has been signaling other moves in other stocks. so i like to buy things on a bargain when i go shopping. now is a great time to sit and do fundamental analysis. >> that is the huge caveat. this is not going and picking randomly through stocks. you have to really know the stuff inside out before you get involved. >> you have to do work to make money. what a concept. no, i agree. >> do you like french banks. >> i don't have any particular view on one...
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211
Mar 20, 2013
03/13
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forcing governments, in this case the government in cyprus to look elsewhere. again, do we want europe -- talking to the russian government about getting financial assistance, to get out of the blackmail in europe. this is very peculiar. >> it sounds to me like the decision you would like to see is one that ends up bailing out russian depositors in the banking system. those who are not insured. is that a bailout that you think is the right one? and one that should be approved by, for example, by german taxpayers or paid for by german taxpayers? >> so this is the rhetoric you refer to is precisely part of the rhetoric that has been distractive in handling the crisis in the last three years. first of all, confiscating deposits in a banking system is not the proper way to deal with anything. and this is what the european governments have proposed. second of all, we're not talking about making a gift to anybody. when the government of cyprus is out of market and cannot finance its own needs from international markets, under the circumstances, other countries throug
forcing governments, in this case the government in cyprus to look elsewhere. again, do we want europe -- talking to the russian government about getting financial assistance, to get out of the blackmail in europe. this is very peculiar. >> it sounds to me like the decision you would like to see is one that ends up bailing out russian depositors in the banking system. those who are not insured. is that a bailout that you think is the right one? and one that should be approved by, for...
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Mar 19, 2013
03/13
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so i think this new government is a real plus for changes in the chinese government that will be a big advantage, especially in the economics in the area of currency convertibility. i think you're going to see a lot of opening up of the chinese capital markets over the next coming years. >> and is on that score, if you're lew, how do you approach that issue, currency? >> well, the u.s. has always been pressing for opening of the capital markets, partly because the u.s. represents have had backing from wall street and the investment banks. but now, the chinese have a reason to do it on their own. they have $3.5 trillion worth of foreign reserves. they have to find a way toni vest those assets over the coming decades. they have to be invested in other countries in order to not put pressure on the currencies, which means they need cooperation of government. the u.s., in turn, needs the chinese government to continue holding the debt that they own and, as we can see from projection would be to buy a lot more of it. i think both of those things will happen. but currency, cop veteranbility,
so i think this new government is a real plus for changes in the chinese government that will be a big advantage, especially in the economics in the area of currency convertibility. i think you're going to see a lot of opening up of the chinese capital markets over the next coming years. >> and is on that score, if you're lew, how do you approach that issue, currency? >> well, the u.s. has always been pressing for opening of the capital markets, partly because the u.s. represents...
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Mar 22, 2013
03/13
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the government spokesperson came out about 15 minutes ago. he spoke 10 minutes and said almost absolutely nothing. the plan c is being written up right now by cyprus to submit to the european partners, see if they can get this one passed. we are almost 100% sure it includes the winddown in one of the weakest banks. there's protesters at the end of this street. they are worried about losing their jobs. the cash shortage here is still quite acute. gas stations are only accepting cash, the vast majority of them. they take up to 30 euros credit. no visa is a generic term for credit cards in general. i want to add something i said last hour. i absolutely believe there will not be an attempt to impose a tax on in the future when it comes to deposits. however, i think the one key lesson here is junior bondholders, senior bondholders will definitely take big losses if this goes down. and uninsured depositors will take losses. this is a big step for europe getting closer to the point where tax payers don't pick up the bills for failed states and faile
the government spokesperson came out about 15 minutes ago. he spoke 10 minutes and said almost absolutely nothing. the plan c is being written up right now by cyprus to submit to the european partners, see if they can get this one passed. we are almost 100% sure it includes the winddown in one of the weakest banks. there's protesters at the end of this street. they are worried about losing their jobs. the cash shortage here is still quite acute. gas stations are only accepting cash, the vast...
135
135
Mar 21, 2013
03/13
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the question is how much does the russian government want to put up? it would have to put up quite a lot of money if -- to avoid any real problems in cyprus to guarantee that this will happen. probably talking 6 billion euros would be needed to avoid any writedowns of these deposits. they will get that money back. the main reason they didn't get more money -- more money wasn't lent, it's grossly overin debted. you would have to consider it a gift. they have talked about reference. on the base of what we're hearing at the moment, it doesn't seem likely. that creates quite big questions for the west. cyprus is an important base. >> martin, thank you. appreciate your time today. >> pleasure. >> and a preview of what's coming up from new orleans. andrew? >> we are in the big easy he. we are talking mergers and acquisitions. we have the co-head coming after after this break. we'll talk to him after this short break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform
the question is how much does the russian government want to put up? it would have to put up quite a lot of money if -- to avoid any real problems in cyprus to guarantee that this will happen. probably talking 6 billion euros would be needed to avoid any writedowns of these deposits. they will get that money back. the main reason they didn't get more money -- more money wasn't lent, it's grossly overin debted. you would have to consider it a gift. they have talked about reference. on the base...